British Energy Discusses Merger

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Author: 123jump.com Staff
123jump.com
Last Update: 6:43 PM EDT May 16 2008

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British Energy surged 5% after it reported that it exploring merger possibilities with several bidders. British Energy news lifted FTSE 100 index 0.8% to 6,304. British Air reported 45% rise in profit on 3% rise in revenue. Despite the higher fuel costs the operating costs were lower. The airline maintained its estimate of 4% rise in revenue in the current year. London financial service sector hiring was up 10% in April according to a private estimate but the number of applicants increased 20%.

In South Korea Kospi Index increased 3.17 or 0.17% to close at 1,888.88, in Thailand SET index closed higher 14.72 or 1.72% to 870.33 and Indonesia JSE Index edged increased 19.03 or 0.78% to 2,468.84. Sensex index in India increased 81.40 or 0.47% to 17,434.94.

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